Immovac: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
Immovac
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€367,901
2024 · €330,786+€37,115
Equity
€7.7m
2024 · €7.4m+€367,901
Cash
€715,855
2024 · €403,018+€312,837
Balance sheet total
€13.9m
2024 · €13.7m+€272,273
Largest movements
Assets
- Cash +€312,837
up €312,837 (+77.6%), from €403,018 to €715,855
mainly Net result for the year (+€367,901) and Depreciation (+€67,709)
Equity and liabilities
- Profit (loss) carried forward +€371,956
up €371,956 (+12.9%), from €2.9m to €3.2m
Income statement
- Services and other goods -€43,460
down €43,460 (-3.9%), from €1.1m to €1.1m
- Financial income -€32,183
down €32,183 (-11.3%), from €284,331 to €252,148
- Turnover -€29,423
down €29,423 (-2.1%), from €1.4m to €1.4m
- Taxes +€20,375
up €20,375 (+104%), from €19,560 to €39,934
of which Taxes: +€20,375
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€330,786
Turnover
-€29,423
Other operating income
-€10,317
Services and other goods
+€43,460
Depreciation
+€11,218
Other operating charges
+€3,088
Other operating items
+€57,515
Financial income
-€32,183
Financial charges
+€14,133
Taxes
-€20,375
Deferred taxes and other
-€2
Result 2025
€367,901
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€343,027
Investment
-€30,189
Financing
€0
Cash 2024
€403,018
From operations (derived)
+€343,027
Net result for the year
+€367,901
Depreciation
+€67,709
Receivables within one year
+€4,036
Deferred charges and accrued income
-€991
Provisions
-€39,060
Trade debts
+€24,890
Tax, wage and social debts
-€3,604
Other debts
-€75,591
Accrued charges and deferred income
-€2,263
Investment (derived)
-€30,189
Investment in fixed assets (net)
-€30,189
Cash 2025
€715,855
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,677,695 | €13,949,968 | +€272,273 | +2.0% |
| Fixed assets | 21/28 | €13,265,052 | €13,227,532 | -€37,519 | -0.3% |
| Tangible fixed assets | 22/27 | €1,509,643 | €1,472,123 | -€37,519 | -2.5% |
| Plant, machinery and equipment | 23 | €8,694 | €7,973 | -€720 | -8.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,500,949 | €1,464,150 | -€36,799 | -2.5% |
| Financial fixed assets | 28 | €11,755,409 | €11,755,409 | = | 0.0% |
| Affiliated companies | 280/1 | €8,891,282 | €8,891,282 | = | 0.0% |
| Participating interests | 280 | €8,891,282 | €8,891,282 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €2,863,027 | €2,863,027 | = | 0.0% |
| Participating interests | 282 | €2,863,027 | €2,863,027 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,100 | €1,100 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €412,643 | €722,435 | +€309,792 | +75.1% |
| Stocks and contracts in progress | 3 | €813 | €813 | = | 0.0% |
| Stocks | 30/36 | €813 | €813 | = | 0.0% |
| Goods purchased for resale | 34 | €813 | €813 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,748 | €4,712 | -€4,036 | -46.1% |
| Trade receivables | 40 | €8,748 | €3,369 | -€5,379 | -61.5% |
| Other amounts receivable | 41 | €0 | €1,343 | +€1,343 | |
| Cash at bank and in hand | 54/58 | €403,018 | €715,855 | +€312,837 | +77.6% |
| Deferred charges and accrued income | 490/1 | €64 | €1,055 | +€991 | +1,553% |
| Total equity and liabilities | 10/49 | €13,677,695 | €13,949,968 | +€272,273 | +2.0% |
| Equity | 10/15 | €7,356,526 | €7,724,427 | +€367,901 | +5.0% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Capital | 10 | €2,500,000 | €2,500,000 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Revaluation surpluses | 12 | €797,560 | €797,560 | = | 0.0% |
| Reserves | 13 | €1,185,643 | €1,181,587 | -€4,055 | -0.3% |
| Non-distributable reserves | 130/1 | €250,000 | €250,000 | = | 0.0% |
| Legal reserve | 130 | €250,000 | €250,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,499 | €47,444 | -€4,055 | -7.9% |
| Distributable reserves | 133 | €884,144 | €884,144 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,873,323 | €3,245,279 | +€371,956 | +12.9% |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €59,750 | €20,690 | -€39,060 | -65.4% |
| Provisions for liabilities and charges | 160/5 | €42,583 | €4,875 | -€37,708 | -88.6% |
| Major repairs and maintenance | 162 | €4,875 | €4,875 | = | 0.0% |
| Other liabilities and charges | 164/5 | €37,708 | €0 | -€37,708 | -100% |
| Deferred taxes | 168 | €17,166 | €15,815 | -€1,352 | -7.9% |
| Amounts payable | 17/49 | €6,261,419 | €6,204,851 | -€56,568 | -0.9% |
| Amounts payable after more than one year | 17 | €3,000,000 | €3,000,000 | = | 0.0% |
| Financial debts | 170/4 | €3,000,000 | €3,000,000 | = | 0.0% |
| Other loans | 174 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,157,085 | €3,102,780 | -€54,305 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,307 | €30,197 | +€24,890 | +469% |
| Suppliers | 440/4 | €5,307 | €30,197 | +€24,890 | +469% |
| Taxes, remuneration and social security | 45 | €25,988 | €22,384 | -€3,604 | -13.9% |
| Taxes | 450/3 | €25,988 | €22,384 | -€3,604 | -13.9% |
| Other amounts payable | 47/48 | €3,125,790 | €3,050,199 | -€75,591 | -2.4% |
| Accrued charges and deferred income | 492/3 | €104,334 | €102,071 | -€2,263 | -2.2% |
| Operating income | 70/76A | €1,437,906 | €1,449,872 | +€11,965 | +0.8% |
| Turnover | 70 | €1,420,881 | €1,391,457 | -€29,423 | -2.1% |
| Other operating income | 74 | €17,026 | €6,709 | -€10,317 | -60.6% |
| Non-recurring operating income | 76A | €0 | €51,706 | +€51,706 | |
| Operating charges | 60/66A | €1,193,484 | €1,129,909 | -€63,576 | -5.3% |
| Services and other goods | 61 | €1,100,642 | €1,057,181 | -€43,460 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,927 | €67,709 | -€11,218 | -14.2% |
| Other operating charges | 640/8 | €8,106 | €5,019 | -€3,088 | -38.1% |
| Non-recurring operating charges | 66A | €5,809 | €0 | -€5,809 | -100% |
| Operating profit (loss) | 9901 | €244,422 | €319,963 | +€75,541 | +30.9% |
| Financial income | 75/76B | €284,331 | €252,148 | -€32,183 | -11.3% |
| Recurring financial income | 75 | €284,331 | €252,148 | -€32,183 | -11.3% |
| Income from financial fixed assets | 750 | €284,325 | €252,148 | -€32,177 | -11.3% |
| Other financial income | 752/9 | €6 | €0 | -€6 | -99.8% |
| Financial charges | 65/66B | €179,761 | €165,628 | -€14,133 | -7.9% |
| Recurring financial charges | 65 | €179,761 | €165,628 | -€14,133 | -7.9% |
| Debt charges | 650 | €177,780 | €164,273 | -€13,507 | -7.6% |
| Other financial charges | 652/9 | €1,981 | €1,355 | -€626 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €348,992 | €406,483 | +€57,491 | +16.5% |
| Transfer from deferred taxes | 780 | €1,354 | €1,352 | -€2 | -0.1% |
| Income taxes | 67/77 | €19,560 | €39,934 | +€20,375 | +104% |
| Taxes | 670/3 | €19,560 | €39,934 | +€20,375 | +104% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €330,786 | €367,901 | +€37,115 | +11.2% |
| Transfer from tax-exempt reserves | 789 | €4,055 | €4,055 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €334,841 | €371,956 | +€37,115 | +11.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.